buying houses and the foreclosure situation

[Coronita]

Here you go flu.

http://www.youtube.com/watch?v=eYDv2K-N_8g

 

lol 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Deal Hunter]

REO Buyer Beware

You can’t do a full inspection on a property on the auction block. It’s better to look into short sale. You will be allowed to do a full inspection on the property and even use the list of repairs as a negotiating tool to get the lowest possible price.

Just as a sampling, most of the post-auction listed REOs we look at here in Vegas are STRIPPED of absolutely everything. They take everything, even light fixtures, closet doors, toilets, faucets and waterheaters. One house had all the carpeting pulled out (it was one of those that was bought new from the builder and never lived in).

We joked once that the next thing to be missing from these REO’s would be the granite countertops. I have a feeling that won’t be just a joke soon.

[Deal Hunter]

REO Buyer Beware

You can’t do a full inspection on a property on the auction block. It’s better to look into short sale. You will be allowed to do a full inspection on the property and even use the list of repairs as a negotiating tool to get the lowest possible price.

Just as a sampling, most of the post-auction listed REOs we look at here in Vegas are STRIPPED of absolutely everything. They take everything, even light fixtures, closet doors, toilets, faucets and waterheaters. One house had all the carpeting pulled out (it was one of those that was bought new from the builder and never lived in).

We joked once that the next thing to be missing from these REO’s would be the granite countertops. I have a feeling that won’t be just a joke soon.

[Deal Hunter]

REO Buyer Beware

You can’t do a full inspection on a property on the auction block. It’s better to look into short sale. You will be allowed to do a full inspection on the property and even use the list of repairs as a negotiating tool to get the lowest possible price.

Just as a sampling, most of the post-auction listed REOs we look at here in Vegas are STRIPPED of absolutely everything. They take everything, even light fixtures, closet doors, toilets, faucets and waterheaters. One house had all the carpeting pulled out (it was one of those that was bought new from the builder and never lived in).

We joked once that the next thing to be missing from these REO’s would be the granite countertops. I have a feeling that won’t be just a joke soon.

[Deal Hunter]

REO Buyer Beware

You can’t do a full inspection on a property on the auction block. It’s better to look into short sale. You will be allowed to do a full inspection on the property and even use the list of repairs as a negotiating tool to get the lowest possible price.

Just as a sampling, most of the post-auction listed REOs we look at here in Vegas are STRIPPED of absolutely everything. They take everything, even light fixtures, closet doors, toilets, faucets and waterheaters. One house had all the carpeting pulled out (it was one of those that was bought new from the builder and never lived in).

We joked once that the next thing to be missing from these REO’s would be the granite countertops. I have a feeling that won’t be just a joke soon.

[Deal Hunter]

REO Buyer Beware

You can’t do a full inspection on a property on the auction block. It’s better to look into short sale. You will be allowed to do a full inspection on the property and even use the list of repairs as a negotiating tool to get the lowest possible price.

Just as a sampling, most of the post-auction listed REOs we look at here in Vegas are STRIPPED of absolutely everything. They take everything, even light fixtures, closet doors, toilets, faucets and waterheaters. One house had all the carpeting pulled out (it was one of those that was bought new from the builder and never lived in).

We joked once that the next thing to be missing from these REO’s would be the granite countertops. I have a feeling that won’t be just a joke soon.

[Enorah]

Submitted by SD Realtor on October 27, 2007 – 7:16pm.

Pretty funny you brought up Enorahs post… I recall it well because I personally poo pood all over it and like a few days later the credit crunch hit the fan…and I looked like the idiot… not the first time either…

I don’t really see any tipping point… just a slide down that will be uneven throughout the next 3-4 years.

SD Realtor

You did?

LOL

I’m going to have to go look at it again.

[Enorah]

Submitted by SD Realtor on October 27, 2007 – 7:16pm.

Pretty funny you brought up Enorahs post… I recall it well because I personally poo pood all over it and like a few days later the credit crunch hit the fan…and I looked like the idiot… not the first time either…

I don’t really see any tipping point… just a slide down that will be uneven throughout the next 3-4 years.

SD Realtor

You did?

LOL

I’m going to have to go look at it again.

[Enorah]

Submitted by SD Realtor on October 27, 2007 – 7:16pm.

Pretty funny you brought up Enorahs post… I recall it well because I personally poo pood all over it and like a few days later the credit crunch hit the fan…and I looked like the idiot… not the first time either…

I don’t really see any tipping point… just a slide down that will be uneven throughout the next 3-4 years.

SD Realtor

You did?

LOL

I’m going to have to go look at it again.

[Enorah]

Submitted by SD Realtor on October 27, 2007 – 7:16pm.

Pretty funny you brought up Enorahs post… I recall it well because I personally poo pood all over it and like a few days later the credit crunch hit the fan…and I looked like the idiot… not the first time either…

I don’t really see any tipping point… just a slide down that will be uneven throughout the next 3-4 years.

SD Realtor

You did?

LOL

I’m going to have to go look at it again.

[Enorah]

Submitted by SD Realtor on October 27, 2007 – 7:16pm.

Pretty funny you brought up Enorahs post… I recall it well because I personally poo pood all over it and like a few days later the credit crunch hit the fan…and I looked like the idiot… not the first time either…

I don’t really see any tipping point… just a slide down that will be uneven throughout the next 3-4 years.

SD Realtor

You did?

LOL

I’m going to have to go look at it again.

[SD Realtor]

Hi Enorah…

Yeah don’t you remember I kind of did pooh pooh on it… Of course that was right before the August credit events…Anyways like I said, your feeling was petty well timed. Not sure prices did a full tilt but it was the initiation of some of the credit problems really coming to light.

*****

Dealhunter I have seen alot of REO’s akin to what you stated and I have seen others in surprisingly good shape. I am not sure the OP really meant to actually purchase a home at a trustee sale. More likely at one of the REDC auctions or even an MLS REO.

The biggest misconception people have about buying an REO is the liability release. However if you know what you are getting into, and get ALL of your diligence done you can do pretty well pricewise.

SD Realtor

[SD Realtor]

Hi Enorah…

Yeah don’t you remember I kind of did pooh pooh on it… Of course that was right before the August credit events…Anyways like I said, your feeling was petty well timed. Not sure prices did a full tilt but it was the initiation of some of the credit problems really coming to light.

*****

Dealhunter I have seen alot of REO’s akin to what you stated and I have seen others in surprisingly good shape. I am not sure the OP really meant to actually purchase a home at a trustee sale. More likely at one of the REDC auctions or even an MLS REO.

The biggest misconception people have about buying an REO is the liability release. However if you know what you are getting into, and get ALL of your diligence done you can do pretty well pricewise.

SD Realtor

[SD Realtor]

Hi Enorah…

Yeah don’t you remember I kind of did pooh pooh on it… Of course that was right before the August credit events…Anyways like I said, your feeling was petty well timed. Not sure prices did a full tilt but it was the initiation of some of the credit problems really coming to light.

*****

Dealhunter I have seen alot of REO’s akin to what you stated and I have seen others in surprisingly good shape. I am not sure the OP really meant to actually purchase a home at a trustee sale. More likely at one of the REDC auctions or even an MLS REO.

The biggest misconception people have about buying an REO is the liability release. However if you know what you are getting into, and get ALL of your diligence done you can do pretty well pricewise.

SD Realtor

[SD Realtor]

Hi Enorah…

Yeah don’t you remember I kind of did pooh pooh on it… Of course that was right before the August credit events…Anyways like I said, your feeling was petty well timed. Not sure prices did a full tilt but it was the initiation of some of the credit problems really coming to light.

*****

Dealhunter I have seen alot of REO’s akin to what you stated and I have seen others in surprisingly good shape. I am not sure the OP really meant to actually purchase a home at a trustee sale. More likely at one of the REDC auctions or even an MLS REO.

The biggest misconception people have about buying an REO is the liability release. However if you know what you are getting into, and get ALL of your diligence done you can do pretty well pricewise.

SD Realtor

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